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Virtually all economics textbooks treat Demand hypothetically. They strike a line to show how prices would theoretically fall as quantities increase. In the real world, market Demand manifests itself as a series of points, with quantities (here, of bomber models) on the horizontal axis, and prices (as bomber prices) on the vertical axis, as shown […]
In most markets outside of refining and mining, costs and prices move in the same direction – generally downward. In the case of the Model T, this happened for nearly two decades. When prices exceed costs, we say the product is in Sustainable Disequilibrium. When costs rise to and exceed prices, producers end the product […]
Product deflations are the opposite of upward-sloping supply curves. They are nowhere more obvious than in the market for flat-screen televisions. Here are the equivalent buying powers for televisions over time, beginning at $300 in 2000. (Source: https://lnkd.in/gk97rVM) Processes improve, and people learn. #supply #prices #learningcurve
If costs rise as quantities increase in mining and refining, creating what classic economists call upward-sloping curves (see the last post), how do costs behave in other industries? Let’s look. Solar manufacturing costs have consistently fallen over time. This phenomenon, known as Swanson’s Law, observes that “at present rates, costs go down 75% about every […]
In every current economics textbook, authors envision upward-sloping supply curves, where suppliers’ prices go up with increasing quantities. I found an example of one here: (https://lnkd.in/ehA3aez), where the increasing costs from left to right by mine form such a curve. Has anyone found such curves outside of mining and refining? If so, please let me […]
Multidimensional Economics lends itself to making solid models of markets. This solid 4D model of the S&P 500 comes from the data in the previous post. Every yellow point in the green Value Space has a matching white point on the red Demand Plane. Solid 4D models let users get a feel for their markets. […]
The USPTO just awarded my team and me at MEE Inc. (now Hypernomics, Inc.) US Patent 10,402,838 for Multivariable Regression Analysis. This is the first software designed to decode 4D market systems. Time adds a 5th dimension. #4D,#businessAnalysis
This week on the talk show LA40 – “Market Place Mysteries” As a consumer, have you ever wondered if the product you are buying is worth what you are paying for it? Or perhaps as a supplier, do you question if you’re offering your product at the right price? With new technology that is lifting […]
November 20, 2015, London, United Kingdom: Doug Howarth will present Balancing Capabilities versus Budgets for Weapons and Platforms to the Royal Aeronautical Society (RAeS), in support of their Conference entitled, Delivering Capability: A Balance Between Weapon and Platform. This will be the fourth time that Doug has addressed this body. It will be held at […]